The seasonally adjusted estimate for total dwellings approved in Australia fell 8.1% month-on-month to 11,594 units in April 2023, accelerating from a revised 1.0% decline in March, a final reading showed. Private sector houses decreased 3.8% to 7,939 units in April, while private sector dwellings excluding houses slumped 16.5% to 3,469 units. On a geographical basis, total dwelling approvals fell in Queensland (-22.8%), Victoria (-18.6%) and Western Australia (-5.8%). Meanwhile, total dwellings rose in South Australia (19.8%), New South Wales (12.5%) and Tasmania (3.5%). source: Australian Bureau of Statistics

Building Permits MoM in Australia averaged 0.31 percent from 1983 until 2023, reaching an all time high of 39.60 percent in February of 2022 and a record low of -26.50 percent in January of 2023. This page includes a chart with historical data for Australia Dwelling Approvals MoM. Australia Dwelling Approvals MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Building Permits MoM in Australia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Dwelling Approvals MoM is projected to trend around 1.50 percent in 2024 and 1.90 percent in 2025, according to our econometric models.

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Australia Dwelling Approvals MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-05-30 01:30 AM Building Permits MoM Prel Apr -8.1% -1.0% 2% 3.2%
2023-06-06 01:30 AM Building Permits MoM Final Apr -8.1% -1.0% -8.1% -8.1%
2023-07-03 01:30 AM Building Permits MoM Prel May -8.1% 3.6%

Australia Dwelling Approvals MoM
In Australia, Dwelling Approvals MoM show the monthly change in the number of total dwelling units approved, including building activity carried out on existing buildings.
Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -1.00 39.60 -26.50 1983 - 2023 percent Monthly
SA

News Stream
Australia Building Permits Fall 8.1% MoM in April
The seasonally adjusted estimate for total dwellings approved in Australia fell 8.1% month-on-month to 11,594 units in April 2023, accelerating from a revised 1.0% decline in March, a final reading showed. Private sector houses decreased 3.8% to 7,939 units in April, while private sector dwellings excluding houses slumped 16.5% to 3,469 units. On a geographical basis, total dwelling approvals fell in Queensland (-22.8%), Victoria (-18.6%) and Western Australia (-5.8%). Meanwhile, total dwellings rose in South Australia (19.8%), New South Wales (12.5%) and Tasmania (3.5%).
2023-06-06
Australia Building Permits Fall 8.1% MoM in April
The seasonally adjusted estimate for total dwellings approved in Australia fell 8.1% month-on-month to 11,594 units in April 2023, accelerating from a revised 1.0% decline in March, preliminary data showed. Private sector houses decreased 3.8% to 7,939 units in April, while private sector dwellings excluding houses slumped 16.5% to 3,469 units. On a geographical basis, total dwelling approvals fell in Queensland (-22.8%), Victoria (-18.6%) and Western Australia (-5.8%). Meanwhile, total dwellings rose in South Australia (19.8%), New South Wales (12.5%) and Tasmania (3.5%).
2023-05-30
Australia Building Permits Fall 0.1% MoM in March
The seasonally adjusted estimate for total dwellings approved in Australia fell 0.1% month-on-month to 12,686 units in March 2023, reversing a 4% growth in February, final data showed. The decline was driven by a 2.8% drop in approvals for private sector houses to 8,312 units. Meanwhile, approvals for private sector dwellings, excluding houses, increased 5.6% to 4,168 units. On a geographical basis, total dwelling approvals decreased in Tasmania (-42.1%), South Australia (-19.1%), and Queensland (-6.7%) while rising in Western Australia (27.2%), New South Wales (3.1%) and Victoria (1.7%).
2023-05-15